News & Tips

How firms are delivering value with audit data analytics

Here’s how auditors can prepare themselves for this work, and what they need to explain to audit committees as they incorporate analytics into engagements.

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Women’s initiatives: How the pilot programs worked

Three women CPAs explain how a pilot program that aimed for diversity and inclusion helped transform their midsize accounting firms.

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FASB clarifies interaction between standards

FASB took action to clarify the interaction between accounting standards related to equity securities, equity method investments, and certain derivatives.

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More taxpayers qualify for student loan COD relief

The IRS is expanding its relief from cancellation-of-debt income to students whose federal loans were discharged for certain legal reasons.

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BlackRock CEO declares ‘fundamental reshaping of finance’

Powerful institutional investor BlackRock will hold companies accountable for their disclosures of sustainability risks and for the policies that underpin them, Chairman and CEO Larry Fink wrote in an open letter to CEOs.

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Confronting tariffs: Trade war tips for CPAs

U.S. businesses can use a number of strategies to soften the impact of tariffs on their operations.

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GASB selects Mauldin & Jenkins’s Black as next chair

GASB has selected Joel Black, CPA, partner-in-charge of the audit practice at accounting firm Mauldin & Jenkins LLC in Atlanta, as its next chair.

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Accounting for cloud computing: What you need to know

Get insight on implementing the updated accounting rules related to cloud computing implementation costs associated with a service arrangement, which are in effect for public companies now and will be required for all other entities later this year.

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SEC proposes updating auditor independence rules

An SEC proposal is designed to amend rules that indicate auditor independence breaches in situations when no substantial threat to independence exists.

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IRS issues 2020 standard mileage rates

On the last day of 2019, the IRS issued the standard mileage rates for 2020 for business, charitable, medical, or moving expense purposes, as well as other deduction amounts.

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